Hints and tips:
...Public market investing and control take-privates require different skills, even if their respective operators can identify underperforming assets....
...“Investing in great companies is my version of art collecting.”...
...Earlier this year the activist Jeff Ubben predicted that the first model of the environmental, social and governance investing movement would eventually disappear....
...Its large activist campaigns in Asia have already been led out of London for some time....
...Icahn took control of the refiner in 2012 after one of many battles he has waged during half a century of investing. Many on Wall Street expected him to quickly flip CVR for a tidy profit....
...One former Engine No. 1 employee said Penner’s departure and the firm’s decision to distance itself from activist investing had made them question whether it would just take a more corporate-friendly stockpicking...
...The 61-year-old is regarded as a more collaborative activist in a business marked by public confrontations with companies....
...But rebel shareholders were right to object when it changed its objectives last summer from investing in a single company and paying back returns to being a permanent capital fund investing in multiple businesses...
...Instead of investing in a single activist action and paying back returns, it decided to become a permanent fund investing in multiple businesses....
...Opponents fear the changes would strangle activist investing, create excessive logistical burdens for investors and make it impossible for them to engage in legitimate communication with each other....
...The activists proved victorious after a board meeting stretching into the late hours of Sunday evening, convincing Danone’s board of directors to walk back on a two-week-old compromise to keep Faber as chairman...
...It appointed new directors, including Jeff Ubben, another activist hedge fund manager who has drifted into ESG investing in recent years....
...If Loeb objects to the deal, it would pit two titans of the investing world against each other....
...Global sustainable investing assets totalled more than $30tn in 2018, according to the Global Sustainable Investment Alliance, up from $22.8tn in 2016....
...We didn’t even mention Valeant, the unsavoury hedge fund hotel pharmaceutical blow-up which ValueAct held board seats in after investing $200m back in 2006....
...Ms Bennington is also its chief global affairs officer and one of the most senior women in activist investing....
...“Investing in a company that doesn’t disclose its pollution is like investing in a company that doesn’t disclose its balance sheet,” Sir Christopher said in an interview with the Financial Times....
...Moral Money Moral Money is our new weekly newsletter covering sustainable business, finance and investing. Sign up here for breaking news and insightful analysis on this bubbling revolution....
...ValueAct Capital is best known in US hedge fund circles for its “Mr Nice Guy” style of activist investing....
...As of last month, “an initial Cashes investor would have experienced a modest positive return on their investment, whilst an ordinary shareholder investing on equivalent terms has lost over 90 per cent of...
...While traditionally known as more of a quantitative fund, which trades using computer algorithms, DE Shaw created an activist investing team in 2017 when it hired Quentin Koffey away from Elliott....
...The London-based activist hedge fund will propose Alberto Horcajo, a former chief executive at Telefónica Brasil, to take over as an independent non-executive deputy chairman and board member at OTE’s annual...
...Forty-two-year-old Chase Koch is pushing the $139bn behemoth to look toward the future by investing billions in technology companies....
...Before investing in Danske, Cevian met more than 150 rival bankers, regulators, and former Danske employees to draw up a strategy of how to turn the bank round....
...“Although few activists have the scale to deploy both activist and private equity strategies, doing so can allow a fund to become master of its own destiny.”...
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